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Feb 8, 2013
02/13
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cliff cuts or the sequestration cuts. so, you know, i think it's a victory but i don't think it's -- >> well, here is the question. if you're the president, is it okay -- you're quibbling here. should the president go for what he can get? >> yes. and then he should come right back -- >> even if it means giving the other guys a break because they don't want to go for an assault ban. you don't think that would happen, john, from your party's end. can you imagine the speaker scheduling a vote on an assault weapons ban? >> it would never get out of the senate. senator reid would never let it happen. >> i don't think so either. >> it's never going to happen. >> some people -- >> hold on a second. >> some people think reid is bringing it up for a vote giving to guys on the right, giving them a chance to say no to something because this goes too far and then they can say yes to something like a background check. >> one of the things -- >> i'm asking strategy. is that alreal right? >> a balanced approach is what everybody says th
cliff cuts or the sequestration cuts. so, you know, i think it's a victory but i don't think it's -- >> well, here is the question. if you're the president, is it okay -- you're quibbling here. should the president go for what he can get? >> yes. and then he should come right back -- >> even if it means giving the other guys a break because they don't want to go for an assault ban. you don't think that would happen, john, from your party's end. can you imagine the speaker...
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Mar 2, 2013
03/13
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the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also believe that republicans could be in the process of underestimating how this could affect their standing with the public. right now they've got a 29% favorability rating. the president sits, 49%. he's gambling the public will be with him because after all he got re-elected partially on the issue of fairness. >> and he's reading the polls. >> and he's reading the polls and the republicans are saying, you know what, we're on the right side because the public believes the government should be smaller and more efficient. the problem that the republicans have is that this particular slice of th
the fiscal cliff, we didn't go over the fiscal cliff. they cut a deal, january 1. they cut a deal on the fiscal cliff. >> to raise taxes. >> to raise taxes so republicans, seven weeks ago, or whenever it was, had to raise taxes. i believe the white house miscalculated or underestimated or whatever you want to call it, the republicans, in saying, ok, they're going to now close these loopholes which is effectively raising taxes again after they just did that seven weeks ago. i also...
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Jan 6, 2013
01/13
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we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of that they raised over a trillion dollars in revenue combined with cuts. yes woo have to do more cuts and the president has been clear and put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion in revenue. the only reason we weren't able to go forward with that is you had house republicans deciding not to follow speaker boehner in that balanced approach and frankly that is the danger going forward. the danger going forward is that house republicans will continue to refuse to take a balanced approach and that is going to dead lock the entire process. >> another danger going forward accordi
we got a tiny tiny spending cut along with the fiscal cliff deal. where are the spending cuts? >> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of...
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Feb 25, 2013
02/13
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house speaker john bane they are afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each other. there's every indication that washington's string of dramatic 11th hour compromises will soon be broken. >> pelley: major, thank you. we thought you'd like to see how much of a cut all of this really is. the whole federal budget is more than $3.5 trillion. the budget cut that would start on friday is $85 billion, so that's a cut of 2.4% of the budget. but a lot of big programs such as social security are exempt from the cuts so the cuts will be focused in this way: defense will be cut back 7.7% and most other programs will be cut 5.2%. here's the trouble: the law does not allow bureaucrats to decide wher
house speaker john bane they are afternoon said republicans raised taxes in the fiscal cliff deal and will not again to avoid the automatic budget cuts known as the sequester. >> the president says we have to have another tax increase in order avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> reporter: irritation with ever more frequent budget showdowns is growing and none of the key players are talking to each...
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Jan 5, 2013
01/13
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but the fiscal cliff deal could leave in place deficits over the next deck cade. that's what will happen if congress does not follow up tax increases with spending cuttings. gabby giffords is lending her influence with the sandy hook shooting. you remember she was severely injured two years ago in a mass shooting. is lance armstrong about to change his story on doping charges? he told associates he's considering admiting to using performance enhancing druggings. but armstrongattorney is denying that report. uma, wouldn't it be incredible i didn't do it and you got the wrong guy, lance armstrong changes the story. it would be and quite a story indeed. >> we'll see if it is born out. >> thank you for that. >> president obama's hawaii vacation is it about to end soon and while the fiscal cliff may be a short-term fince the debt ceiling may be a hurdle between the height white house and gop. joining us is wendall who is traveling with the president. >> the president warned the republicans not to use the fight over the debt ceiling to trigger government spending cuts.
but the fiscal cliff deal could leave in place deficits over the next deck cade. that's what will happen if congress does not follow up tax increases with spending cuttings. gabby giffords is lending her influence with the sandy hook shooting. you remember she was severely injured two years ago in a mass shooting. is lance armstrong about to change his story on doping charges? he told associates he's considering admiting to using performance enhancing druggings. but armstrongattorney is denying...
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Feb 5, 2013
02/13
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that's because despite that fiscal cliff deal, we're still looking at these automatic cuts that were put into place to force lawmakers to deal with our debt crisis. that debt, our debt, the debt owed by every american taxpayer today stands at more than $16 trillion or roughly $140,000 for every single american household. our fox news digital politics editor and host of power play on foxnews.com is here live. chris, great t to see you today. >> you bet. >> the president will talk about making another shor short-term l and yet washington will be criticized for yet again kicking the can down the road. what new can he say today? >> nothing. he doesn't -- well, i suppose he could say that he was sorry he did not submit a budget yesterday as the law required of him. i suppose there's a lot of things he could say, but what he will say in all likelihood is this. because of what we saw in the final quarter of the year 2012, the economy actually shrank as defense contractors -- or in part because defense contractors said you know he what? the axe is about to fall. get ready for this. we're goi
that's because despite that fiscal cliff deal, we're still looking at these automatic cuts that were put into place to force lawmakers to deal with our debt crisis. that debt, our debt, the debt owed by every american taxpayer today stands at more than $16 trillion or roughly $140,000 for every single american household. our fox news digital politics editor and host of power play on foxnews.com is here live. chris, great t to see you today. >> you bet. >> the president will talk...
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Jan 18, 2013
01/13
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wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea. but now that we have resolved the revenue issue, tax reform ought to be revenue neutral as it was back during the reagan administration. >> reporter: the president and congressional democrats disagree. >> but spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations shouldn't be able to take advantage of loopholes and deductions that aren't available to most americans. >> trust me, there are plenty things within that tax code, these loopholes, where people can park their money on some island offshore and not pay taxes, these are things that need to be closed. >> reporter: a major ov
wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea. but now that we have resolved the revenue issue, tax...
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Mar 1, 2013
03/13
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remember the fiscal cliff debate. they have raised the payroll tax back up and they did some spending cuts and that combination of things that probably dooms us to say sub 2% growth this year. so, people may not feel it next week, but it should probably show up and a little bit slower growth, maybe there's a person out there who won't get a job because of it. it will have an effect. doomsday is overrated, perhaps, or perhaps exaggerated. but there will be meaningful impacts. >> greg, i want to talk about, because this doesn't exist in a vacuum, obviously. the housing market. recovery. i don't know, maybe -- if that's too strong a word, you tell me. is there a possibility that growth in other areas upsets in some way this 0.06 impact? or not. are there other places to look to see if this austerity does go through that there are growth areas, i should say. >> absolutely. multiple forces acting on the economy in any given time. not just a possibility, but a probability and, yes, a strong recovery under way will go consid
remember the fiscal cliff debate. they have raised the payroll tax back up and they did some spending cuts and that combination of things that probably dooms us to say sub 2% growth this year. so, people may not feel it next week, but it should probably show up and a little bit slower growth, maybe there's a person out there who won't get a job because of it. it will have an effect. doomsday is overrated, perhaps, or perhaps exaggerated. but there will be meaningful impacts. >> greg, i...
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Feb 27, 2013
02/13
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then as part of the fiscal cliff agreement which you just referenced, we raised about $600 billion. what we've said is as we go forward, we should use the same model as the bipartisan fiscal commissions and continue to take that balanced approach. yes, additional cuts in a targeted way, not a senseless way, but also additional revenue from closing those tax loopholes that both presidential candidates, mitt romney and president obama, talked about during the last campaign. they're all still out there. we haven't touched any of those. >> well, just to be fair, mitt romney said he would lower the tax rate in exchange for closing those, and you did limit deductions as part of the federal -- part of the fiscal cliff deal. so let me ask you about that specifically, because this whole tax issue, adam davidson and i quote him every single night so i hope he listens, co-founder of npr's planet money noted in the "new york times" that increasing the middle class tax burden by an additional 8% would have a bigger impact than taxing millionaires at 100% and of course, congressman, leaders of yo
then as part of the fiscal cliff agreement which you just referenced, we raised about $600 billion. what we've said is as we go forward, we should use the same model as the bipartisan fiscal commissions and continue to take that balanced approach. yes, additional cuts in a targeted way, not a senseless way, but also additional revenue from closing those tax loopholes that both presidential candidates, mitt romney and president obama, talked about during the last campaign. they're all still out...
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Feb 6, 2013
02/13
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. $1.2 trillion in tax increases for obamacare. 600 billion in tax increases to avoid the fiscal cliff, and now you want to raise taxes yet again. how about the idea of trying to find some spending cuts that do not include the military, when you have these to choose from over the next decade. no more backwards bills. but the proposal on the senate floor and see how many senate democrats feel comfortable raising taxes yet again. after this, if you feel comfortable with cutting the government this way, then you have lost your way is much as the president. what happened with ronald reagan who said the federal government's responsibility above all others is the department of defense. what happened to that? well, i intend to get that party back. i intend to fight for the party of ronald reagan. we are going to explain to republicans and democrats alike what happened if we let sequestration go into effect. we are going to challenge a republican and democratic colleagues not to raise taxes every time we have a problem. because there is a better way. economic growth is down. unemployment is up
. $1.2 trillion in tax increases for obamacare. 600 billion in tax increases to avoid the fiscal cliff, and now you want to raise taxes yet again. how about the idea of trying to find some spending cuts that do not include the military, when you have these to choose from over the next decade. no more backwards bills. but the proposal on the senate floor and see how many senate democrats feel comfortable raising taxes yet again. after this, if you feel comfortable with cutting the government...
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Jan 5, 2013
01/13
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spending because of tax hikes, the fiscal cliff agreement, however, did cut $700 billion to $800 billion off the deficit over the next ten years. >>> joining me is ben cardin, democrat from maryland. good to see you, happy new year. >> good to see you. >> let's talk about what we'll be headed for. is it another eleventh hour and 59-minute fight, as a colleague of yours, congressman yarmuth said that earlier to me today. he said i suspect we are headed for that essentially extortion that's what they've been trying to do to use the debt ceiling or any leverage they have to strip the social safety net in this country. do you agree with him? >> i hope we've learned our lesson and we do not take our economy to the brink, with self-inflicted wounds. the fiscal cliff taught us that if we work together, democrats and republicans, we can get some good things done. we now have permanent tax relief for middle income families, we've established the 39.6% high rate for those that make the most income, so we got some good things done, but it's because democrats, republicans worked together. we certain
spending because of tax hikes, the fiscal cliff agreement, however, did cut $700 billion to $800 billion off the deficit over the next ten years. >>> joining me is ben cardin, democrat from maryland. good to see you, happy new year. >> good to see you. >> let's talk about what we'll be headed for. is it another eleventh hour and 59-minute fight, as a colleague of yours, congressman yarmuth said that earlier to me today. he said i suspect we are headed for that essentially...
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Jan 3, 2013
01/13
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>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane skidded off the runway, burst into flames yesterday afternoon. the two people on board managed to escape before the fire engulfed the cabin. escaping without serious injuries. >>> powerful winds in southern california knocked out power and caused major travel problems. this big rig was knocked on its side by those winds, leaving the driver with a broken leg. that is some pretty hefty winds. >>> also, at a nearby construction site, work came to a halt after the winds blew down a fence and knocked over the port-a-potties. it's expected to be just as windy today. oh, you know what? the poor soul that had to clean
>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane...
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Jan 1, 2013
01/13
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we begin with this morning's fiscal cliff and the drama that now shifts to the house. overnight the senate overwhelmingly passed a compromised measure. it it delays the spending cuts that could have plunged the nation back into a recession. for most americans, taxes would stay the same r for almost everyone but top earners. but the measure is now up to the house. lawmakers take up the matter in two hours and could vote later today. and republican leaders in the house aren't making any promises that it will pass. this morning both parties say more work needs to be done. >> i'm disappointed that we weren't able to make the grand bargain as we have tried to do for so long, but we tried. if we do nothing, the threat of recession is very real. >> we have done some good for the country. we have taken care of the revenue side of this debate. and now it's time to get serious about reducing washington's out of control spending. that's a debate the american people want and it's the debate we'll have next and it's a debate republicans are ready for. >> we're covering all the angl
we begin with this morning's fiscal cliff and the drama that now shifts to the house. overnight the senate overwhelmingly passed a compromised measure. it it delays the spending cuts that could have plunged the nation back into a recession. for most americans, taxes would stay the same r for almost everyone but top earners. but the measure is now up to the house. lawmakers take up the matter in two hours and could vote later today. and republican leaders in the house aren't making any promises...
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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WHUT
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under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long island rail road. she introdu
under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on...
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Mar 2, 2013
03/13
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stephen, if i can remind you during the fiscal cliff debates not only did boehner bring in the president's own debt ceiling proposals regarding simpson-bowles, he also adopted nancy pelosi's policy regarding tax increases over people who make over 1 million. the president said that wasn't good enough. when it comes to sequestration, the president said it wouldn't happen and the bottom line is this, when the republican passed two bills to stop sequestration, the president said he would veto it. perception is reality, the president has the bully pulpit and he's more articulate than boehner, as a republican. >> jamie: let me ask you, from both sides let's talk strategy for a second. stephen, what does the speaker have to do to turn his own numbers around. >> i think he'd have to elect a different house. frankly, he has a membership, a delegation whose commitment is only to doing one thing, cutting government where the american people, clearly, over and over again want a balanced approach like the president has talked about and why his numbers are where they are, that include cutting loopholes
stephen, if i can remind you during the fiscal cliff debates not only did boehner bring in the president's own debt ceiling proposals regarding simpson-bowles, he also adopted nancy pelosi's policy regarding tax increases over people who make over 1 million. the president said that wasn't good enough. when it comes to sequestration, the president said it wouldn't happen and the bottom line is this, when the republican passed two bills to stop sequestration, the president said he would veto it....
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Jan 2, 2013
01/13
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it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the fiscal cliff would have helped our debt position more but hurt the economy in the near term. most economists don't expect to us fall off the fiscal cliff. many expect them to cancel or weaken the fiscal cliff. this bill reduces deficits by about $650 billion. according to the committee for responsible federal budget. >> good news, bad news, maybe a little good news. >> you know when we're doing scores of bills from the cbo that we live in budget hell. >> ahead on "starting point," check this out. a man sleds into a freezing lake. >> yikes! >> his rescue
it says the fiscal cliff deal will decrease -- sorry. increase deficits by nearly $4 trillion over the next decade. the bulk comes from extending bush era tax cuts for almost every american. this is relative to where deficits would be if we fell completely off the fiscal cliff if congress had done nothing, let the bush tax cuts expired. allowed big spending cuts to come into effect. under this scenario a 2.$2.88 trillion would have been added to the deficit over ten years. falling off the...
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Jan 9, 2013
01/13
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factoring in the fiscal cliff, deal they cut was crummy. higher taxes, trick on investors. wall street is continue to slow. it's reported two weeks ago. citigroup was first to announce big cuts and we reported at the time that morgan stanley was considering it. fox news business network beat all the competition including our friends across the river whose name begins with a "c" by about an hour. >> neil: i so admire that. [ laughter ] >> what is interesting you went downhill within minutes? >> i did. >> you went from a war hero to a pawn. [ laughter ] >> neil: let me get your sense of whether this could be a sign of things to come. >> i think wall street is in sort of contraction mode. i think it's secular i think there is a shift going on. >> neil: even with the great markets so far this year. >> this is great market that is largely confined to professional day traders and robotic computers. average investor morgan stanley would make money from, the average investor is out of this market. >> neil: i'm surprised for five or six trading days they were up and say what you wil
factoring in the fiscal cliff, deal they cut was crummy. higher taxes, trick on investors. wall street is continue to slow. it's reported two weeks ago. citigroup was first to announce big cuts and we reported at the time that morgan stanley was considering it. fox news business network beat all the competition including our friends across the river whose name begins with a "c" by about an hour. >> neil: i so admire that. [ laughter ] >> what is interesting you went...
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Jan 14, 2013
01/13
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. >> we had a successful fiscal cliff deal that adds another 4 trillion dollars to the debt. every time we have one of these great deals we look at it gets bigger and bigger. and the same tax that the president says we should be paying. the bottom line the president doesn't want the kind of spending cuts it takes to bring the real, real legitimate financial, now, fiscal sanity to this country. and that's the problem. >> he's not using tax at the moment either. some tax -- from my understanding, joe biden was instrumental in getting the tax cuts, extended-- he's got some diplomacy work behind the scenes getting it done and maybe he needs to be doing something in the background. certainly not standing up and saying, i won, you're going to do as i say, you know, and pull faces at people. >> megyn: last word john. >> let's not forget when he came in the the last fiscal year that came over from the bush administration, we had 1.4 trillion dollar deficit that had been a record surplus when bush took place, not blaming bush at all. plenty of blame to go around and recognize where we
. >> we had a successful fiscal cliff deal that adds another 4 trillion dollars to the debt. every time we have one of these great deals we look at it gets bigger and bigger. and the same tax that the president says we should be paying. the bottom line the president doesn't want the kind of spending cuts it takes to bring the real, real legitimate financial, now, fiscal sanity to this country. and that's the problem. >> he's not using tax at the moment either. some tax -- from my...
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Feb 19, 2013
02/13
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this is a rerun of the fiscal cliff fight. the sequestration cuts built into budget negotiations were delayed until march 1st. the president is warning congress that people will lose their jobs and national defense will suffer if they don't take action. >> the cuts are not smart or fair and they will add hundreds of thousands of americans to unemployment. >> in his state of the union address, president obama himself admitted the cuts were a bad idea and what he failed to mention was that the sequester was his idea. >> and the sequester was the president's idea but meant to force congress to act because the cuts would be so objectionable to everyone on both sides of the aisle. local leaders of government and business are not exactly happy over the budget stale meat. they're calling on congress to get a deal done and do it fast. bob barnard is in the newsroom to continue. bob? >> reporter: the washington area is home to scares of federal agencies. hundreds of government contractors and tens of thousands of their employees all at
this is a rerun of the fiscal cliff fight. the sequestration cuts built into budget negotiations were delayed until march 1st. the president is warning congress that people will lose their jobs and national defense will suffer if they don't take action. >> the cuts are not smart or fair and they will add hundreds of thousands of americans to unemployment. >> in his state of the union address, president obama himself admitted the cuts were a bad idea and what he failed to mention was...
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Feb 23, 2013
02/13
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cliff drama a couple months ago. has that opportunity come and gone? >> well, the problem with these grand bargains is they always involve tax increases today and promises that someday, way off in the future, we'll cut spending. the reality is of course the tax cuts are immediate -- or tax hikes are immediate and perm negligent and the spending cuts are ephemeral and way off in the future. >> let me stop you. this is like the criticism of stimulus. right? the fact that it didn't work the way some people wanted it to work doesn't mean that in concept it can't work. why can't we have a grand bargain that says tax cults today or not increases today but they come in over five years or ten years? why couldn't we make a big deal rather than just not trust that we'll never be able to make a deal? >> we could have a unicorn hunt, too. the reality is nobody ever wants to cut spending. we have not cut spending. the fact is for all the president talks about $1.5 trillion in spending cults so far, we are spending more this year
cliff drama a couple months ago. has that opportunity come and gone? >> well, the problem with these grand bargains is they always involve tax increases today and promises that someday, way off in the future, we'll cut spending. the reality is of course the tax cuts are immediate -- or tax hikes are immediate and perm negligent and the spending cuts are ephemeral and way off in the future. >> let me stop you. this is like the criticism of stimulus. right? the fact that it didn't...
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Feb 3, 2013
02/13
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it was abrupt the it had to do with folks being worried about the possible impacts of the fiscal cliff and what goes on here in washington. what i have said repeatedly, washington cannot continually operate under a cloud of crisis. that frieses up consumers. it gets businesses worried. we cannot afford the self-inflicted wounds. >>gregg: we cannot deal with crisis? isn't that what washington is about? >> it is something more. he is the president. he is the personification of what washington is. what he is doing is saying, the problems in the economy, which are still clear, we're not out of the woods, are the responsibility of someone other than him, but bottom line, he didn't resolve the issues with the fiscal cliff with sequestration and we have not heard from the management -- president about that. >> the first thing this interview has done, but on wednesday when the numbers came out the white house speak said house republicans caused this. they love blaming others. he is the personification of the u.s. government, why, for the last year and a half has he not been able to take his ow
it was abrupt the it had to do with folks being worried about the possible impacts of the fiscal cliff and what goes on here in washington. what i have said repeatedly, washington cannot continually operate under a cloud of crisis. that frieses up consumers. it gets businesses worried. we cannot afford the self-inflicted wounds. >>gregg: we cannot deal with crisis? isn't that what washington is about? >> it is something more. he is the president. he is the personification of what...
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Jan 31, 2013
01/13
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, um, for everyone but the wealthy top brackets, and so we had a fiscal cliff debate and fight on capitol hill where american taxpayers across the country paying their holiday bills were anxiously waiting to see what congress would do, and ultimately everyone but the top earners saw their tax cuts restored. and we went right into a debate about gun control and immigration reform. so it's true that the president has not talked about growth or the economy in a very long time. given this new data, though, and given the fact that we saw an anticipation of these sequestered cuts that the congress passed a long time ago and have the opportunity to undo but haven't yet and are set to go into effect on march 1, in anticipation of those cuts that really hit at defense spending we saw a big shrink in defense jobs, and that is going to continue, um, when we see the sequester go into effect in march. and it's going to hit domestic programs as well. combined that will be, produce a considerable dent to consumer demand. and as we get into a couple months down the road, new jobs reports, another budget
, um, for everyone but the wealthy top brackets, and so we had a fiscal cliff debate and fight on capitol hill where american taxpayers across the country paying their holiday bills were anxiously waiting to see what congress would do, and ultimately everyone but the top earners saw their tax cuts restored. and we went right into a debate about gun control and immigration reform. so it's true that the president has not talked about growth or the economy in a very long time. given this new data,...
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Jan 30, 2013
01/13
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CNN
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when worries about the fiscal cliff were hanging around. now investors are confident that lawmakers are less likely to push through spending cuts once they push through the issue expected in march. >> this is a good thing for most of us in our 401(k)s. >> if you have looked at the 401(k) it's probably doing well. you look at the s&p 500. that's what your portfolio mostly tracks, the s&p 500. it's a broader index. that's hitting new levels. it's over 1500 at this point. >> love the good news. appreciate it. here's what we are working on. a show down over gun control playing out on capitol hill. this is happening on a day when capitol hill debating gun rights. a gunman boards a school bus, kills the driver, takes a 6-year-old hostage. the standoff is still going on. oil changes at meineke are always a great deal. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> so you've got this showdown over gun control playing out on capitol hill today. a senate panel h
when worries about the fiscal cliff were hanging around. now investors are confident that lawmakers are less likely to push through spending cuts once they push through the issue expected in march. >> this is a good thing for most of us in our 401(k)s. >> if you have looked at the 401(k) it's probably doing well. you look at the s&p 500. that's what your portfolio mostly tracks, the s&p 500. it's a broader index. that's hitting new levels. it's over 1500 at this point....
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Jan 2, 2013
01/13
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CSPAN
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the problem is, we have set up three more fiscal cliffs. we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from michigan, mr. camp. >> i'm prepared to close the to the gentleman is prepared to close. >> i yield one minute to the gentleman from new york. >> recognized for one minute. >> thank you, mr. chairman. i rise today to support this bill. essentially, we have two choices here -- we prevent us from going over the cliff, or we go over the cliff. that would wreak havoc with the markets and everything else. it never should have come to this. we should have been negotiating and passing a balanced bill. the american people are fed up with what they see in this dysfunctional
the problem is, we have set up three more fiscal cliffs. we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from...
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Feb 19, 2013
02/13
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CNNW
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the fiscal cliff agreement put off the cuts until march which is just 11 days away. it is coming, medicare, medicaid, social security, troops and veterans, all that money is pretty much safe, but $85 billion will have to come out of somewhere. other programs in 2013 alone. among them, education, law enforcement, weather forecasting, food inspections, aviation safety. lines could get longer. president says there has to be a better way. >> now, if congress allows this meat claefr approach to take place, it will jeopardize our military-readiness, it will eviscerate job creating investments in energy and medical research. it won't consider whether we're cutting some bloated program that's outlived its usefulness or a vital service that americans depend on every single day, it doesn't make those dissensions. emergency responders like the ones who are here today, their able to help communities respond to and recover from disasters will be degraded. >> now, some republicans, especially in the tea party, including senator rand paul say that forced cuts are a pittance and eve
the fiscal cliff agreement put off the cuts until march which is just 11 days away. it is coming, medicare, medicaid, social security, troops and veterans, all that money is pretty much safe, but $85 billion will have to come out of somewhere. other programs in 2013 alone. among them, education, law enforcement, weather forecasting, food inspections, aviation safety. lines could get longer. president says there has to be a better way. >> now, if congress allows this meat claefr approach...
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Jul 24, 2013
07/13
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FOXNEWSW
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cliff? right now you have people like senator mccain saying, d the american people don't want it again and so is there a way that we can cut a deal? so this is some hope that you're going to get a smaller group of republicans and forcing the hand of the president. it's not presidential leadership by any means but forcing the hand of the president to say we'll give you something if you can give us something back and let's avoid the fiscal cliff. that's the only ray of hope that i can offer you, my friend, on this summer day. rick: i'll talk it. always nice to talk to you. see you soon. >> you're welcome, rick. jenna: d.c. feels like an island sometimes. you need to cut it loose. very interesting imagery there from juan. out of ohio, happening now, cleveland man accused of holding three women prisoner in what's described as a house of horror is back in court today and it will be the last court appearance before his trial starts next month. but his lawyers are telling the judge they're still in
cliff? right now you have people like senator mccain saying, d the american people don't want it again and so is there a way that we can cut a deal? so this is some hope that you're going to get a smaller group of republicans and forcing the hand of the president. it's not presidential leadership by any means but forcing the hand of the president to say we'll give you something if you can give us something back and let's avoid the fiscal cliff. that's the only ray of hope that i can offer you,...
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the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to education and training, energy and national security will cost us jobs. it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all of the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the wealthy. a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to
the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to education and training, energy and national security will cost us jobs. it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for...
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Jan 3, 2013
01/13
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FOXNEWSW
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in that fiscal cliff deal that you just mentioned. and so, when he mentioned 16 trillion dollars in debt in his remarks, he's looking ahead to this debt ceiling fight in the weeks ahead so he can try to repair some of the problems he's faced, like getting more spending cuts. you mentioned moody today. one of their top officials even said, quote, although moody's believes that the debt limit will be raised and treasury bonds low, it adds uncertainty to the outcome of negotiations. now, the white house has been pouncing on that word, uncertainty, to say the last time we had a debt ceiling battle, it added uncertainty to the markets and hurt the economy. the president has been making na point while senate leader mitch mcconnell says today, we have to have this debate today. take a listen. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws that they pass passed. >> it needs to happen before the 11th hou
in that fiscal cliff deal that you just mentioned. and so, when he mentioned 16 trillion dollars in debt in his remarks, he's looking ahead to this debt ceiling fight in the weeks ahead so he can try to repair some of the problems he's faced, like getting more spending cuts. you mentioned moody today. one of their top officials even said, quote, although moody's believes that the debt limit will be raised and treasury bonds low, it adds uncertainty to the outcome of negotiations. now, the white...
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Jan 5, 2013
01/13
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CNNW
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if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but things of this nature that could cause economic catastrophe, those sorts of things, we should be able to work a lot easier on and that's why i'm up here. i want to work with my republican colleagues. i've reached out to all of my republican colleagues in the north texas area to let them know i want to work with them and i will continue to reach across the aisle, all across the congress working with republicans because i know that it is very important that we do a better job of working together. >> i want to ask you about a comment made by the number two republican senator john cornyn of texas. he faulte
if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but...
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Jan 15, 2013
01/13
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CNNW
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cliff and debt ceiling that conservatives who are in the majority want to cut federal spending and they'll do it however they need to. >> understood. dana bash, thanks so much. >>> practice makes perfect even on the steps of the u.s. capitol. rehearsals have been under way complete with stand-ins for the first family. president obama will take his oath twice. on sunday, january 20th, he'll use first lady michelle obama's family bible. and on monday during the public ceremony, he'll use two other bibles. one of them belonged to president lincoln. it's the same one will be used in 2009 during the inauguration. the second bible belongs to civil rights leader dr. martin luther king jr. king's son joins me now from washington. we're so glad you're here. >> thank you. i'm honored to be here today. >> you wrote an op-ed, even your description of the bible is touching. you say it's faded and some of the pages are torn. tell us how your father, dr. king, used that bible. >> well, number one, we found that when he was pastoring or preparing a sermon, his first sermon at the dexter avenue memorial ba
cliff and debt ceiling that conservatives who are in the majority want to cut federal spending and they'll do it however they need to. >> understood. dana bash, thanks so much. >>> practice makes perfect even on the steps of the u.s. capitol. rehearsals have been under way complete with stand-ins for the first family. president obama will take his oath twice. on sunday, january 20th, he'll use first lady michelle obama's family bible. and on monday during the public ceremony,...
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Jan 2, 2013
01/13
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CNNW
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that went along with that fiscal cliff deal. do you understand politically why the house speaker after having those meetings made the decision he did about not putting a bill on the floor with $60 billion in spending that is not paid for. >> he's the speaker. he had to make the decision. we agreed with it. and, again, that's all i'm concerned, that was a lifetime ago. i know it was last night, but bottom line is, we're going forward, getting what we believe is necessary. and to me there is no reason to question what happened before. as long as we have the commitment and we did, we got the commitment, that's all that -- >> pushback from your fellow republicans? >> what happens happens. so long as there is 218 votes on january 15th, all of us will be satisfied. >> did you guys avow your support to speaker boehner? >> it never came up. >> i think one thing that new york and new jersey has always done, we have been through tough times, we look forward. we're not going to look back and see what could have been. we could -- could have
that went along with that fiscal cliff deal. do you understand politically why the house speaker after having those meetings made the decision he did about not putting a bill on the floor with $60 billion in spending that is not paid for. >> he's the speaker. he had to make the decision. we agreed with it. and, again, that's all i'm concerned, that was a lifetime ago. i know it was last night, but bottom line is, we're going forward, getting what we believe is necessary. and to me there...